Bank of Kigali office in Kenya shut
Business
By
Sharon Wanga
| Apr 05, 2024
The Central Bank of Kenya has announced the closure of the Bank of Kigali representative office in Kenya, starting April 2, 2024.
The decision was arrived at following a meeting with Bank of Kigali Group Plc, the parent company, agreeing to lay their focus on digital service delivery.
The bank will cease operation in Kenya effective April 2, CBK stated.
Bank of Kigali's office was first established in Kenya in February 2013.
Headquartered in Kigali, it was founded in 1966 and has been operating legally.
READ MORE
CHAN rip-off: How weeks-old insurance firm pocketed Sh42 million
Families seek justice over Ishiara killings as anger mounts
KMPDU raises alarm over security and staffing at Ishiara hospital
Young learners display on stage key CBE pillars principles
IG orders recall of Ishiara OCS over Embu protest killings
Opposition leaders accuse Ruto of hiking fuel prices for personal gain
'They attacked us, we shot them,' police say after Embu protest deaths
How fuel deal fallout has triggered Sh3.2b loss for supplier
Authorities probe deaths of two protesters in Ishiara unrest
According to CBK, the Rwandan government controls majority shareholding in the bank.
Bank of Kigali is also cross-listed on the Nairobi Securities Exchange (NSE).